Everonn Education to acquire Centum Learning
With this acquisition, Everonn will expand its reach in the Indian training space by adding Corporate Training, the flagship product of Centum, as a new vertical. The deal is expected to be a big one in the Indian education space after TutorVista, sold a 59% stake to to UK-based publishing and media group Pearson for R577 crore last year. Everonn had reported a loss of R63.03 crore during the fourth quarter ended March 31, 2012 compared with profit of R26.2 crore, during the same period last year.
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